According to Singapore’s Ministry of Manpower, the minimum qualifying fixed monthly salary for an Employment Pass (EP) is SGD 5,000 for most sectors. For applicants in the financial services sector, the threshold is higher at SGD 5,500. Older, more experienced candidates typically need higher salaries to qualify, with requirements scaled progressively with age. The EP is intended for foreign professionals, managers, and executives with recognized qualifications and relevant experience. Employers must also meet job advertising and fair consideration framework requirements before applying for an EP on behalf of foreign employees.